Sometimes people will say "I'm having a gay ol' time" to mean "I'm having a good time" with a bit of a subversive tint to it, since they know that everyone knows that gay to mean happy is completely outdated. The vast majority of the time it means homosexual, even for women.
I was going to say “and a name which is neither”, but I didn’t realise the atomic bomb dropping superfortress Enola Gay was named for the pilot’s mother.